XRP USD Technical Analysis: Can Support Level at $1.14 Hold?

XRP USD is currently trading at $1.4062, having experienced a 0.94% daily bounce. However, the cryptocurrency remains under significant downward pressure, with its market capitalization declining by 24.8% over the past month and 51.9% over six months.

The technical picture for XRP USD shows mixed signals, with the Relative Strength Index (RSI) approaching oversold conditions at 37.74, but not yet extreme. The Average Directional Index (ADX) reading of 43.39 confirms a strong downtrend.